For Sale
$2,750,000

401 Foothill BlvdPomona, CA 91767

High-yield restaurant, 11.4 years remaining.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a freestanding restaurant building in Pomona, CA, boasting a 5,755 square foot space on a substantial 1.019-acre lot. The property features a strong, long-term absolute NNN lease with a corporate guarantee, providing significant stability and consistent income. The current lease, expiring April 30, 2036, includes a remaining term of approximately 11.4 years, with built-in 2% annual rent increases, ensuring consistent income growth. The property's Net Operating Income (NOI) is $144,000, yielding a 5.24% cap rate at an asking price of $2,750,000. Built in 1976 and renovated in 2021, the single-story building sits on a highly visible corner lot at a signalized intersection on busy Foothill Boulevard. The expansive lot size presents significant redevelopment potential. The property's CG zoning permits high-density residential development (up to 40 units per acre), offering substantial future development opportunities beyond the existing restaurant. The lease includes a 5 + 5 year option. All information should be verified with the City of Pomona.

Highlights

  • Absolute NNN lease with corporate guarantee, providing long-term stability through 2036.
  • 2% annual rent increases built into the lease.
  • Large 1.019-acre lot offers redevelopment or expansion potential.
  • High-density residential zoning (40 units/acre) allows for significant future development.

Property Details for 401 Foothill Blvd

Property type
Retail properties, Restaurants
Square Feet
5,755 SF
Year Built/Renovated
1976/2021
Buildings
1
Stories
1
Lot Size (sq. ft)
44,388 SF

Location Insight

City
Pomona
County
Los Angeles
State
California
Latitude
34.107488
Longitude
-117.7418537
401 Foothill Blvd, Pomona, California

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401 Foothill Blvd
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